Gold Rate Today: After Diwali our festive season is heading towards the Bhai Dooj, the festival of brother and sister. Everyone wants to give some precious gift like ornaments made from gold or silver to their sister in these festivals. But everyone wait for the prices of these metals to decrease so that they can save some of their money. If you also want to gift some made from gold or silver to your sister then this might be a good opportunity for you because the rates of both the metals have been decreased just before Bhai Dooj. In India, the price of a gram of 22-karat gold is currently Rs 5,545, while a gram of 24-karat gold is Rs 6,049.
Price of gold in some major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 55450 |
| Delhi | 55600 |
| Kerala | 55450 |
| Pune | 55450 |
| Lucknow | 55600 |
| Patna | 55600 |
| Nagpur | 55450 |
| Chandigarh | 55450 |
| Surat | 55600 |
| Bhubaneswar | 55600 |
Checkout the rates on MCX
Buying gold serves a number of purposes. It’s vital to keep gold safe since some people pass it down for years. It might be advantageous during weddings or act as a sort of future security. Some individuals seek advice from competent financial advisors, who recommend gold investments. On the MCX, gold futures with a December 5, 2023, maturity date were trading at Rs 59618 per 10 grams, following a slight decreased of 0.22 percent. On the other hand, December 5, 2023, maturing silver futures saw a declined of 0.83 percent, and were trading at Rs 69450 a kg on the MCX.
Gold Rate Today: What are gold ETFs?
Gold ETFs are mutual funds that follow changes in the domestic price of physical gold. The fund management company purchases gold bullion with your money. Because gold ETFs are listed and traded on stock markets, investing in them is secure and governed by tight regulations. The same day, or any other day, you can buy and sell units of gold ETF on the stock exchange, just like equities.The minimum investment is one unit of the gold ETF, which is equal to the price of one gramme of genuine gold. Due to their listing, gold ETFs have excellent liquidity and are easy to trade on the stock market.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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